Spain changes tax rules for Deferred Tax Assets

September 28, 2015 6:20 AM

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MADRID, Sept 28 Spain's economy ministry said on Monday it would change how Deferred Tax Assets (DTAs) are taxed in a corporate tax reform jointly agreed upon by the European Commission, the Bank of Spain and the treasury and economy ministries.

European Union regulators have been scrutinising four EU countries' treatment of banks' DTAs, including Spain, to see if they constitute potentially illegal state aid.